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Retirement tax questions
Did you receive a 1099-R to report the RMD distribution/rollover? If, so you may have a Code G in Box 7 to indicate this. Or, you may have two 1099-R's; one with Code G and one with Code 7.
When entering your 1099-R with Code 7 in TurboTax, you can indicate in the follow-up questions that 'the entire distribution is RMD' and that it was rolled over. This will not be taxable income for you in this case. A 1099-R with a Code G is never taxable; you are just reporting.
Here's more info on What is RMD?
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‎April 6, 2023
10:58 AM